PKP Cargo looking east, as well as west, in 2017

The large state cargo and logistics operator, PKP Cargo, announced on Thursday that it will seek to expand its business with Chinese partners, as well as with existing western European partners, in 2017, and will expand its investment to modernize and improve domestic infrastructure. CEO Maciej Libi...

Szydło, Rafalska announce changes for social programs for 2017

Polish Prime Minister Beata Szydło announced her responses to recently-implemented policies – such as changes to the minimum wage and increased disability benefits – by the Ministry of Labour, Family and Social Services, headed by Elżbieta Rafalska. She was speaking at a press conference on Thursday...

Locked content Mabion to issue shares abroad, altering strategy

Biotech company Mabion will issue 5 million shares in a public offering carried out abroad, according to draft resolutions made during its shareholder meeting on Tuesday, the company said in a press statement. However, it wasn’t specific on the issuing location. “The shares will be issued in a publi...

Locked content More funding coming for NCBR for innovative projects – Gowin

The National Research and Development Agency of Poland (the NCBiR), an executive agency of the Ministry of Science, will allot more than PLN 5 billion on innovative projects in 2017, according to Minister of Science Jaroslaw Gowin. He was speaking to reporters at a press briefing. “I want to emphasi...

Locked content Retail sales slow in December – GUS

Poland’s Central Statistical Office (GUS) released its latest figures for retail sales and also for industrial production on Thursday. It stated that retail sales had grown, y/y, by 6.4 percent in December (2016), which was a decrease in comparison with November, when they had grown at a pace of 6.6...

Locked content T-Bull releases new game

Polish game developer T-Bull has released its latest computer video game, ‘Xtreme Racing: Best Driver 3D’, according to a press release by the company on Thursday morning. It will be available in the Google Play store, and will be available on Android as well as other distribution platforms. In play...

Locked content Morawiecki planning to garner up business in Davos

Poland’s Minister of Development and Finance, Mateusz Morawiecki, in addition to Polish Foreign Minister Witold Waszczykowski, is attending the Davos Economic Summit this year. On Thursday, he told Polish reporters that he expects discussions to be fruitful for attracting more business investment to...

UOKiK to begin proceedings against Volkswagen

Poland’s Office of Competition and Consumer Protection (UOKiK) is, this week, initiating proceedings against Volkswagen Poland arising from last year’s emissions manipulation scandal, UOKiK said in a press release on Thursday. VW Poland could face a penalty of up 10 percent of the company’s turnover...

RED expanding Nowa Papiernia project in Wrocław

Developer RED Real Estate Development has launched the construction work on the second phase of its Nowa Papiernia residential project in downtown Wrocław, with builder Dorbud acting as the general contractor for the scheme. In this phase of the development, called Ultra Nova, the company will devel...